Basics

joehogue

This is extremely basic but something I always get hung up on. If you are long a fixed-rate bond, does that mean you are required to pay the fixed rate coupon or are receiving the fixed rate coupons?

infinitybenzo

you receive.

canadiananalyst

receiving them

bpdulog

means you hold a fixed rate bond (ie receive coupons as its an investment)

Windjammer

long means you own the bond, so you are entitled to receive the coupons. similar to long a stock, you are entitled to dividends.